Global Optical Sorter Market to Reach USD 4.85 Billion by 2031 | CAGR of 8.5%
Category : Semiconductor And Electronics | Published Date : Nov 2024 | Type : Press Release
Optical Sorter Market Scope & Overview:
As per the Consegic Business Intelligence newly published report, the Optical Sorter Market size was valued at USD 2.58 billion in 2023 and is projected to grow at a CAGR of 8.5%, reaching USD 4.85 billion by 2031. Optical sorters are advanced machines that utilize imaging technologies such as cameras, lasers, and near-infrared (NIR) sensors to detect and separate products based on physical characteristics like color, shape, and size. These systems are extensively used in industries such as food processing, pharmaceuticals, and waste management to enhance product quality, operational efficiency, and accuracy.
The report comprises the Optical Sorter Market Share, Size & Industry Analysis, based on Technology (Cameras, Lasers, NIR Sorter, Hyperspectral Cameras, Combined Sorters, Others), Platform (Belt, Freefall, Lane, Hybrid), Application (Food Processing, Recycling, Minerals & Precious Metals Sorting, Tablets & Capsules Inspection Process, Others), End-User (Food & Beverages, Pharmaceuticals, Mining, Waste Management, Others), and Region (North America, Europe, Asia-Pacific, Latin America, Middle East & Africa), and Forecast, 2024-2031.
The report contains detailed information on Optical Sorter Market Trends, Opportunities, Value, Growth Rate, Segmentation, Geographical Coverage, Company Profiles, In-depth Expert Analysis, Revenue Forecast, Competitive Landscape, Growth Factors, Restraints or Challenges, Environment & Regulatory Landscape, PESTLE Analysis, PORTER Analysis, Key Technology Landscape, Value Chain Analysis, and Cost Analysis.
The market is driven by increasing automation in industries and advancements in imaging technologies, while challenges include limited material compatibility and high costs associated with optical sorting systems.
Segmental Analysis :
Based on technology, the market is segmented into Cameras, Lasers, NIR Sorter, Hyperspectral Cameras, Combined Sorters, and Others.
- The camera segment accounted for the largest revenue share in 2023, driven by its ability to enhance inspection accuracy, identify small defects, and optimize sorting operations in industries like food processing and pharmaceuticals.
- The NIR sorter segment is anticipated to grow at the fastest rate, supported by its capability to distinguish materials regardless of color and shape, making it ideal for recycling and waste management.
Based on the platform, the market is segmented into Belt, Freefall, Lane, and Hybrid.
- The belt segment dominated the market in 2023, attributed to its wide application in food processing industries for sorting nuts, fruits, vegetables, and seafood.
- The hybrid segment is projected to grow rapidly due to its flexibility in combining different sorting platforms for enhanced efficiency and adaptability to varied materials.
Based on the application, the market is segmented into Food Processing, Recycling, Minerals & Precious Metals Sorting, Tablets & Capsules Inspection Process, and Others.
- The food processing segment held the largest share in 2023, driven by stringent food safety regulations and the need for contamination prevention in food products.
- The same segment is also expected to grow at the fastest CAGR during the forecast period due to increasing automation in food quality inspection processes.
Based on end-user, the market is segmented into Food & Beverages, Pharmaceuticals, Mining, Waste Management, and Others.
- The food & beverages segment accounted for the largest revenue share in 2023, supported by the growing demand for high-quality food products and shorter delivery cycles.
- The waste management segment is expected to grow rapidly, driven by stringent environmental regulations and the need for efficient waste sorting and recycling solutions.
Based on regions, the market is segmented into North America, Europe, Asia-Pacific, Middle East and Africa, and Latin America.
- Asia-Pacific: Accounted for the largest market share in 2023, with China leading at 31.6% of regional revenue, fueled by rapid industrialization and stringent food safety regulations.
- North America: Expected to grow steadily due to the integration of AI technologies in optical sorting machines and increasing adoption across food processing and recycling industries.
| Report Attributes | Report Details |
| Study Timeline | 2018-2031 |
| Market Size in 2031 | USD 4.85 Billion |
| CAGR (2024-2031) | 8.5% |
| Technology | Cameras, Lasers, NIR Sorter, Hyperspectral Cameras, Combined Sorters, Others |
| Platform | Belt, Freefall, Lane, Hybrid |
| Application | Food Processing, Recycling, Minerals & Precious Metals Sorting, Tablets & Capsules Inspection Process, Others |
| End-User | Food & Beverages, Pharmaceuticals, Mining, Waste Management, Others |
| By Region | North America(U.S., Canada, Mexico) Europe(U.K., Germany, France, Spain, Italy, Russia, Benelux, Rest of Europe) APAC(China, South Korea, Japan, India, Australia, ASEAN, Rest of Asia-Pacific) Middle East & Africa(GCC, Turkey, South Africa, Rest of MEA) LATAM(Brazil, Argentina, Chile, Rest of LATAM) |
Top Key Players & Competitive Landscape :
The competitive landscape encompasses major innovators, aftermarket service providers, industry giants, and niche players, all of which are thoroughly examined by Consegic Business Intelligence in terms of their strengths, weaknesses, and value-addition potential. This report includes detailed profiles of key players, market share analysis, mergers and acquisitions, resulting market fragmentation, and emerging partnership trends and dynamics.
List of prominent players in the Optical Sorter Industry:
- MSS Inc. (USA)
- Petkus Technologies GmbH (Germany)
- Buhler Group (Switzerland)
- Tomra Systems ASA (Norway)
- Satake Corporation (USA)
- Key Technologies, Inc. (USA)
- Cimbria (Denmark)
- Optimum Sorting (Belgium)
- Hefei Meyer Optoelectronic Technology Inc. (China)
- Sesotec GmbH (Germany)
Recent Industry Developments :
- August 2024: Key Technology launched COMPASS, featuring next-generation inspection technology for food sorting.
- September 2024: Alstef Group introduced XSORT, a high-speed optical sorting solution for luggage handling at airports.
- February 2023: Ricova partnered with Pellenc ST to modernize sorting equipment, reducing contaminants in mixed paper to 2%.
